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“A DEAL IS ONLY GOOD IF BOTH SIDES WIN”, Rafael López-Diéguez Piñar, *Expansión*

RLD consolidates its model as a strategic legal boutique with an international vocation, and reinforces its commitment to business-focused legal advisory.

RLD cannot be understood without a clear founding idea: the firm was not created to resemble others, but to chart its own path. Since 1989, the firm has built a track record based on exclusivity, strategy and direct connection with the business world. Founded by Rafael López-Diéguez Gamoneda, it has consolidated itself as a key player in M&A transactions, business internationalisation and corporate advisory with global reach.

Its birth from this philosophy of not being just another legal provider, but an ally, is the first of the three moments that define the firm’s evolution. “From day one, we understood that the client is not only looking for a lawyer, but for a trusted partner,” recalls Rafael López-Diéguez Piñar. Shortly afterwards, the firm took on the role of adviser to major family wealth groups interested in growing in Europe, and to foreign companies landing in Spain. It was there that they learned to manage the legal and cultural complexity of international environments. The third turning point came with the opening of its Dubai office in 2012, a risky decision that has now become one of its greatest strengths. “That was a masterclass in corporate diplomacy. We learned to execute in contexts where rules and relationships carry equal weight.”

Far from a generalist model, RLD has chosen specialisation without losing global vision. “Our difference is not in the sectors we work in, but in how we work,” explains Rafael López-Diéguez. The firm operates in areas such as healthcare, technology, energy and agribusiness, but its real value lies in its cross-disciplinary approach. “Clients notice that we go beyond the paper. We are professionals with legal, financial and strategic training. Many of us sit on boards of directors, not only as legal secretaries, but as advisers with business vision.”

FROM TECHNICAL ADVISORY TO STRATEGIC VISION

In M&A transactions, RLD insists that closing is not synonymous with success. “The key is knowing which battles to fight and where to give ground. A deal is only good if both sides win.” That is why, before drafting a single line, they ask the client one question: why do you want to buy or sell? “The real motive shapes the entire strategy. If you let yourself be carried away by subjective factors, such as personal attachment, the transaction will fail,” says the firm’s Managing Director. Among the most common mistakes they detect in the market are unrealistic financial expectations, excessive emotional involvement and poor advisory.

Today, when agility is essential, RLD recognises that the speed of change requires each case to be analysed almost day by day, but it maintains its commitment to rigour and in-depth analysis. Although large transactions may be slowing down, the mid-market segment remains very active. “Spain has an industrial fabric full of opportunities. We are also optimistic about the return of Spanish families to investment in productive sectors. Internationalisation is no longer an escape route; it is becoming a path for growth.”

And here, Dubai plays a strategic role. The opening of its office in the United Arab Emirates made it the first Spanish firm with a stable presence in the region. “We saw a gap: no one was seriously helping Spanish-speaking companies establish themselves there. But we quickly understood that the challenge was not language, but legal and cultural translation.” More than a decade later, the experience accumulated allows the firm to offer clients comprehensive support. “What sets us apart is the weight of experience. We are not passing through; we are part of the local business fabric. The entrepreneur can focus on their business while we deal with the operational complexity.”

For those wishing to open up the Dubai market, the firm has a clear formula. First of all, choose the right travelling companion: an adviser who knows both jurisdictions and masters the tax and legal context. Then, maintain rigour. “Do not do there what you would not do in any other country. Just because it appears to be a ‘magical’ market does not mean you should skip due diligence.” And finally, be honest about the reason for expanding. “The Emirates offer great opportunities, but only for those who act with professionalism and rigour.”

STAYING TRUE TO ITS ESSENCE

RLD looks to the immediate future with a clear objective: to remain an independent boutique firm focused on M&A and ongoing advisory for industrial groups and family offices. “We want to consolidate our brand as synonymous with prestige, closeness and strategic vision.” For that reason, they rule out integrating into large structures.

“Independence allows us to be more agile and closer to the client. We do not want to lose that essence.” The firm plans to grow with new specialised hires and to strengthen its structure with technology. But its priority remains the same as in 1989: to support its clients with tailored advisory, designed to facilitate complex business decisions anywhere in the world.

RLD is defined by its comprehensive approach: it advises from a strategic standpoint and not only from the law, supporting companies in diverse legal and cultural contexts. The firm was a pioneer in Dubai, where it has spent more than ten years helping Spanish-speaking companies establish themselves with legal certainty and business vision.